XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income        
Loans $ 76,785 $ 50,454 $ 146,022 $ 97,891
Securities        
Taxable 4,654 4,026 9,115 8,441
Tax-exempt 2,465 2,246 4,953 4,500
Other 104 43 177 103
Total interest income 84,008 56,769 160,267 110,935
Interest expense        
Deposits 4,420 3,227 8,380 6,725
Borrowings 2,431 1,928 4,676 3,815
Total interest expense 6,851 5,155 13,056 10,540
Net interest income 77,157 51,614 147,211 100,395
Provision for loan losses 1,430 1,175 3,230 2,250
Net interest income after provision for loan losses 75,727 50,439 143,981 98,145
Noninterest income        
Service charges on deposit accounts 7,521 6,522 15,512 12,857
Fees and commissions 5,045 3,571 9,376 7,266
Insurance commissions 2,175 2,119 4,137 4,086
Wealth management revenue 2,872 2,210 5,763 4,366
Mortgage banking income 13,420 6,791 25,335 12,220
Net gain on sales of securities 1,257 96 1,186 96
Net gain on sales of SBA loans 1,035 90 2,031 383
BOLI income 996 710 1,950 1,558
Other 1,265 770 3,598 1,917
Total noninterest income 35,586 22,879 68,888 44,749
Noninterest expense        
Salaries and employee benefits 45,387 30,394 87,780 58,655
Data processing 4,502 3,199 8,660 6,429
Net occupancy and equipment 8,531 5,524 16,755 11,083
Other real estate owned 1,614 954 2,571 1,486
Professional fees 1,262 1,172 2,476 1,996
Advertising and public relations 1,742 1,481 3,379 2,784
Intangible amortization 1,742 1,239 3,439 2,513
Communications 2,040 1,491 4,211 2,924
Extinguishment of debt 329 0 329 0
Merger and conversion related expenses 2,807 1,467 3,755 1,946
Other 7,303 4,161 13,718 8,585
Total noninterest expense 77,259 51,082 147,073 98,401
Income before income taxes 34,054 22,236 65,796 44,493
Income taxes 11,154 6,842 21,680 13,859
Net income (loss) $ 22,900 $ 15,394 $ 44,116 $ 30,634
Basic earnings per share (usd per share) $ 0.54 $ 0.49 $ 1.07 $ 0.97
Diluted earnings per share (usd per share) 0.54 0.48 1.06 0.96
Cash dividends per common share (usd per share) $ 0.18 $ 0.17 $ 0.35 $ 0.34